Auto Loans in Fond Du Lac (WI)

Why waste your time going from one lender to another, trying to get the loan you need? No matter credit, we can get you financed a lot sooner, with fewer headaches. Our service is fast, safe, and effective. Users with sufficient income have a 90% chance of being approved. This is how the process works:

  1. Take a minute to submit your credit application.
  2. Check your inbox for your approval status.
  3. Speak with your lender about your APR and conditions.
  4. Finalize any remaining paperwork.
  5. Go select the car you want.

Sounds simple, right? It truly is! Apply Now!

Financing a Car with Bad Credit

If you have less-than-perfect credit, we can help. In fact, subprime financing is our principal focus. Many large dealerships now have whole departments specifically for something known as “special finance.” These are referred to as bad credit car dealerships. Of course, we have quite a lot of them in our network. Most finance companies do require people with less-than-perfect credit to provide a down payment, but most applicants are approved right away. You’ll typically be matched with a bad credit dealership or auto lender. Companies like these submit payment information to the credit reporting agencies, which is a prerequisite for reestablishing your credit. Apply Now!

No Down Payment?

Excellent credit? If so, you might not have to bother with a down payment. Buyers with less-than-perfect credit, on the other hand, seldom have it so easy. That’s because lenders are worried about the Loan-to-Value Ratio (LTV). This is the amount you borrow versus the wholesale value of the vehicle.

Amount Borrowed Vehicle Value Loan-to-Value
$15,000 $17,500 86%
$20,000 $30,000 67%

The economic downturn had a substantial influence on LTV’s for subprime borrowers, but it’s risen back to around 70%. That isn’t to say that dealers don’t have financing options for people who don’t have a down payment.

Simply enter your down payment amount on your application, and our system will find you a dealer or lender who’s willing to work with you, even if you can’t put any money down.

Fond Du Lac Buy Here Pay Here Car Lots

In House financing is also referred to as:

  • We Finance
  • Rent to Own
  • Tote The Note
  • Your Job is Your Credit

These dealers work with consumers that can’t get approved anywhere else due to bad credit. The annual percentage rates are always steep, but they often offer guaranteed credit acceptance.

Fond Du Lac Consumer Profile

Lenders are interested in more than just your credit score. Lenders consider the following:

  • Income
  • Source of Income
  • History of Debt Repayment

Listed below are some average statistics for Fond Du Lac residents.

  • Pre-Tax Income: $29,627 Annually
  • Average Car Payment: $272 (11% of Income)
  • Ideal Car Payment: $198 to $247 (8%-10% of Income)

Poor credit is fairly common in Fond Du Lac and across the state of Wisconsin. The table below depicts the estimated number of Fond Du Lac residents at each credit level.

FICO Score % of Population Residents
300-499 2% 1,155
500-549 5% 2,887
550-599 8% 4,619
600-649 12% 6,928
650-699 15% 8,661
700-749 18% 10,393
750-799 27% 15,589
800-850 13% 7,506

Your credit rating will have a significant impact on your interest rate. However, if you have the income, we can typically find somebody to finance you, even if you have subprime credit.